EPI 4 Investor plc - European Property Investments

5.6 Berlin, Munich, Regensburg - The EXPEC - Property PortfolioThis portfolio is currently controlled by an EPI associated company. BRP1 GmbHhas currently entered into a optional forward share purchase agreement to buythis company. It is intended that the Company and EPI 4 Promoter Limited willpurchase 100 % in aggregate of this company.The Expec Portfolio is a strategic investment portfolio spread across the majorGerman cities of Berlin, Regensburg and Munich. Much of the attraction is inthe fact that the deal comes with € 43,000,000 of non - recourse loans at attractiveinterest rates in place. The purchase will be done by way of a share deal saving€ 3.5 million in up - front fees.The Berlin properties are situated in a beautiful waterfront site and are currently100 % let. A waiting list exists for these apartments. There is also planningpermission for a further 80,000 sq. feet of buildings on the site which will beactively explored in the coming months.Regensburg, with its world famous university, is one of Bavaria’s wealthiest citiesand is where the largest part of the portfolio is situated. A shopping centre alongwith circa 250 student apartments offer the greatest opportunity to increaserental income in the short term.The apartment complex in Munich is situated in a sought after suburb and is verywell maintained.DetailsGross Income 2008: € 4,100,000Purchase Price: € 58,500,000Initial Yield: circa 7 %Investment Capital: € 16,500,00020